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ARTICLE · 19 DECEMBER 2025

New FCA Retail Disclosure Regime

Travers Smith LLP
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The FCA has issued final rules for its new retail product disclosure regime: PS25/20: Supporting informed decision making: Final rules for Consumer Composite Investments.

United KingdomFinance and Banking
Tim Lewis
Tim Lewis
Phil Bartram
Phil Bartram
Michael Raymond
Michael Raymond
Danny Riding
Danny Riding
Samuel Brewer
Samuel Brewer
Henriika Hara
Henriika Hara
James Barnard
James Barnard
Nick Glynn
Nick Glynn
Jane Thornton
Jane Thornton
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The FCA has issued final rules for its new retail product disclosure regime: < target="_blank" href="https://www.fca.org.uk/publication/policy/ps25-20.pdf">PS25/20: Supporting informed decision making: Final rules for Consumer Composite Investments. The regime will supersede the existing UK PRIIPs KID and UK UCITS KIID disclosure obligations and is intended to usher in a more harmonised, flexible, proportionate and consumer friendly disclosure regime. Those who have been following the consultation process are likely to be pleasantly surprised as the FCA has listened to feedback in a number of areas.

The regime will come into partial effect on 6 April 2026 and will apply in full from 8 June 2027.

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